During 2017, Fresh Express Company sold 2,480 units of its product on September 20 and 2,900 units on December 22, all at a price of $88 per unit. Incurring operating expenses of $16 per unit sold, it began the year with and made successive purchases of the product as follows:

Required:

Prepare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the product, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of (a) FIFO and (b) Moving weighted average: (Round "Cost per unit" to 2 decimal places. Round your intermediate calculations and final answers to 2 decimal places.)

Please calcualte the required fields.

January 1 beginning inventory 580 units S 33 per unit Purchases February 20 May 16 December 11 ,480 units $ 35 per unit 680 units $39 per unit 3,280 units $40 per unit Total 6,020 units